Ref 7026 – Leasehold Pizzeria/Italian Restaurant
Blacks Brokers are pleased to bring to the market this leasehold pizzeria/Italian restaurant located in Bury, Greater Manchester.
Pizzeria 3 Amici was established by our client in 2019, previously our client ran this business as a café and children’s play centre. The pizzeria is already very well known and has a large base of regular customers in place as well as benefiting from a huge amount of passing trade generated by this town centre position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Facebook.
Pizzeria 3 Amici occupies a main road trading position within a busy area of the town centre. The area is densely populated commercially with neighbouring businesses including independent businesses such as beauty salons, eateries and pubs and large multiples such as hsbc. The Fusiliers Museum is also nearby along with the local bus station and tram links into Manchester. The area is well linked by the M66 and M60 with strong public transport links and parking is available in the immediate area.
The business is suited to an owner operator able to provide a consistent level of service to customers but due to other business commitments, the business is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The current lease is a six year lease which began in 2018 at a cost of £192 per week.
Pizzeria 3 Amici has traded solidly since opening. We are advised that the business has a Projected Annual Turnover (2019/20) £130,000, with a Projected Gross Profit (2019/20) £65,000. Full financial information is available upon viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a well equipped pizzeria which occupies a superb trading position in the centre of Bury. The business has a large repeat customer base and excellent reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours/days and a strong local marketing drive, potentially online. Once a hygiene rating is issued, a new owner could also look to register with other website such as Just Eat/Hungry House and offer a delivery service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £44,950.
Please quote ref: 7026